Tuesday, 29 August 2017

Nifty Spot Outlook for 30th Aug

NIFTY

Nifty spot opened at 9886.40 and made a high of 9887.35 , it made a low of 9783.75, before closing at 9796.05

Had mentioned that long positions for the day can be taken above 9935 and short positions can be taken below 9890 . Nifty triggered our short trade and completed all targets for the day. Nifty triggered our weekly shorts but has yet to confirm it by sustaining / closing below 9780 .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9890 to test 9865 - 9855 initially and sustaining below it we can see a test of 9835 - 9810. Breaking and sustaining above 9935 we can see a bounce till 9960 - 9970 initially and breaking and sustaining above it we can see a test of 9990 - 10015 " , and we saw Nifty make a low of 9783.75 on sustaining below 9890 today . Now in the coming session Nifty needs to break and sustain below 9770 to test 9740 - 9730 initially and sustaining below it we can see a test of 9710 - 9680 . Breaking and sustaining above 9825 we see a bounce till 9850 - 9860 initially and breaking and sustaining above it we can see a test of 9885 - 9915.

Nifty Spot Levels for the day are

Long above 9825 for 9840 - 9860 - 9915 , SL 9790

Short below 9770 for 9750- 9730 - 9680 , SL 9805

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.